Corporate tax shields and capital structure: levelling the playing field in debt vs equity finance

Keyphrases

• Allowance for Corporate Equity 100%
• Bank Capital Ratios 33%
• Bank Capital Structure 33%
• Capital Structure 100%
• Corporate Income Tax 33%
• Corporate Tax 100%
• Cost of Debt 33%
• Debt Financing 33%
• Default Risk 33%
• Difference-in-differences Approach 33%
• Equity Financing 100%
• Exogenous Variation 33%
• Financial Regulators 33%
• Income Tax Systems 33%
• Inequity 33%
• Italy 33%
• Lending Activity 33%
• Playing Field 100%
• Policy Instruments 33%
• Risk-taking 33%
• Shielding Structure 100%
• Tax Discrimination 33%
• Tax Distortions 33%
• Tax Environment 33%
• Tax Shield 100%
• Tax Treatment 33%
• Taxable Profit 33%
• Unintended Consequences 33%

Economics, Econometrics and Finance

• Bank Capital Structure 50%
• Capital Structure 100%
• Corporate Income Tax 50%
• Corporate Taxation 100%
• Cost of Debt 50%
• Difference-In-Differences 50%
• Distortionary Taxation 50%
• Finance 100%
• Tax System 50%
• Taxation 100%